Podcast: Millennial politicians on finding common ground

The Vanishing Middle Class

In the late 1970s, my mom worked as a nurse and became the family's breadwinner after my dad developed serious heart disease. His doctors told him to avoid stress, even driving, for fear it would be fatal. Yet on her single income, we managed what was then considered a solidly middle-class life. Stability was assumed, even if one parent couldn’t work.

That assumption has vanished. Today, surveys show that roughly half to two-thirds of Americans live paycheck to paycheck (People’s Policy Project). A stricter Bank of America analysis finds that about one in four households spends nearly all their income on essentials (Axios). Whether the number is one-in-two or one-in-four, millions of Americans are financially on the edge.